File: National Treasury offices at 240 Vermeulen Street, Pretoria Central.
JOHANNESBURG - South Africa turned down a request from its southern African neighbour Zimbabwe for a $1.2-billion loan in December, a spokesman for the finance ministry said on Monday.
"South Africa doesn't have that kind of money," National Treasury spokesman Jabulani Sikhakhane said.
Zimbabwean officials were not immediately available for comment.
Police say three people died during demonstrations that turned violent in the capital Harare and second city Bulawayo.
But human rights groups say evidence suggests at least a dozen were killed.
Zimbabwean President Emmerson Mnangagwa said on Sunday that he would return home from a European tour and skip the World Economic Forum in Davos to address the crisis.